Ameresco Inc (NYSE:AMRC) was in 12 hedge funds’ portfolio at the end of the first quarter of 2013. AMRC has experienced an increase in activity from the world’s largest hedge funds lately. There were 5 hedge funds in our database with AMRC holdings at the end of the previous quarter.
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Now, it’s important to take a gander at the key action surrounding Ameresco Inc (NYSE:AMRC).
What does the smart money think about Ameresco Inc (NYSE:AMRC)?
In preparation for this quarter, a total of 12 of the hedge funds we track were bullish in this stock, a change of 140% from one quarter earlier. With the smart money’s capital changing hands, there exists an “upper tier” of notable hedge fund managers who were increasing their stakes significantly.
According to our comprehensive database, Chuck Royce’s Royce & Associates had the most valuable position in Ameresco Inc (NYSE:AMRC), worth close to $6.7 million, comprising less than 0.1%% of its total 13F portfolio. Sitting at the No. 2 spot is John A. Levin of Levin Capital Strategies, with a $2.2 million position; less than 0.1%% of its 13F portfolio is allocated to the company. Remaining peers that are bullish include Philip Hempleman’s Ardsley Partners, Israel Englander’s Millennium Management and John Overdeck and David Siegel’s Two Sigma Advisors.
As aggregate interest increased, key hedge funds were leading the bulls’ herd. Ardsley Partners, managed by Philip Hempleman, established the most outsized position in Ameresco Inc (NYSE:AMRC). Ardsley Partners had 0.7 million invested in the company at the end of the quarter. Israel Englander’s Millennium Management also made a $0.7 million investment in the stock during the quarter. The following funds were also among the new AMRC investors: Ken Gray and Steve Walsh’s Bryn Mawr Capital, Brian Taylor’s Pine River Capital Management, and D. E. Shaw’s D E Shaw.
How are insiders trading Ameresco Inc (NYSE:AMRC)?
Bullish insider trading is most useful when the company we’re looking at has experienced transactions within the past half-year. Over the latest six-month time period, Ameresco Inc (NYSE:AMRC) has seen 2 unique insiders buying, and 1 insider sales (see the details of insider trades here).
Let’s also examine hedge fund and insider activity in other stocks similar to Ameresco Inc (NYSE:AMRC). These stocks are Coleman Cable, Inc. (NASDAQ:CCIX), Zoltek Companies, Inc. (NASDAQ:ZOLT), Capstone Turbine Corporation (NASDAQ:CPST), Preformed Line Products Company (NASDAQ:PLPC), and Electro Scientific Industries, Inc. (NASDAQ:ESIO). All of these stocks are in the industrial electrical equipment industry and their market caps resemble AMRC’s market cap.